Standings
| TEAM | GP | W | L | T | PTS |
| Port Arthur Bearcats | 24 | 17 | 6 | 1 | 35 |
| Geraldton Gold Miners | 24 | 10 | 13 | 1 | 21 |
| Fort William Hurricanes | 24 | 8 | 16 | 0 | 16 |
TBSHL playoffs
Geraldton Gold Miners vs. Port Arthur Bearcats
Game 1: Bearcats 3 Gold Miners 0 (@ Port Arthur)
Game 2: Bearcats 5 Gold Miners 4 (@ Port Arthur)
Game 3: Gold Miners 3 Bearcats 3 (OT) (@ Geraldton)
Game 4: Gold Miners 1 Bearcats 1 (OT) (@ Geraldton)
Game 5: Bearcats 1 Gold Miners 0 (Forfeit) (@ Port Arthur)
Port Arthur wins best-of-five TBSHL 3-0, with two ties
TBAHA Scotland Woolen Mills Trophy Final
Fort Frances Maple Leafs vs. Port Arthur Bearcats
@ Port Arthur
Game 1: Bearcats 4 Maple Leafs 2
Game 2: Bearcats 6 Maple Leafs 1
1941 Allan Cup Western Canadian Playdowns
Quarter-final
Port Arthur Bearcats vs. Winnipeg 7th Infantry Brigade
Game 1: Bearcats 14 Winnipeg 3 (@ Port Arthur)
Game 2: Bearcats 15 Winnipeg 5 (@ Port Arthur)
Port Arthur wins four-point series 4-0
Semifinal
Port Arthur Bearcats vs. Regina Rangers
Game 1: Rangers 4 Bearcats 2 (@ Port Arthur)
Game 2: Bearcats 2 Rangers 1 (@ Port Arthur)
Game 3: Rangers 5 Bearcats 3 (@ Regina)
Game 4: Rangers 3 Bearcats 2 (@ Regina)
Regina wins six-point series 6-2
NOTE: Regina went on to win the Canadian championship, defeating the Lethbridge Maple Leafs (6 points to 1) in the western final and the Sydney Millionaires of Nova Scotia (7 points to 5) in the Allan Cup Final.
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